In the short term on $BTC , we are bullish up until the recent broken zone near $80K. Basically, after the long trend holders (both 100 and 200) EMAs were broken, there were the first small signs of potential sell-side dominance to take over the markets.

Now that price formed a confirmational breakdown (the break of local lows), sellers secured the sell-side dominance, which means most likely from here on in long term we are going to keep tanking down.

But as the recent breakdown was rather very sharp, we are expecting to see a smaller recovery to the previous local lows zone, from where we would be looking to take a bigger sell position. #BTCPriceAnalysis